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Weyco Results

Posted on 30th October 2015 at 09:08

Weyerhaeuser is out with third-quarter results this morning, reporting net earnings of $180 million, compared to earnings of $133 million in the second quarter, and $178 million in the same period last year. Company officials say that this report also contains after-tax gains of $975 million, income related to the sale of the Weyerhaeuser Real Estate Company. Net sales for the quarter came in at $1.8 billion, the same as in the second quarter and just less than the $1.9 billion dollars in sales in the third quarter of last year. President and CEO Doyle Simmons says that they’re “pleased” with the third-quarter performance, showing strong results, with “strong headwinds” in the industry. Simmons says that they remain focused on driving value for shareholders, and they plan to “fully capitalize” on an improving housing market.